External reports (aggregated public sources), Value Investors Club

Value Investors Club (VIC)

External reports (aggregated public sources)

Value Investors Club

Equity Bottom-Up

Key points (machine generated)<ul><li>Vivid Seats Inc. has been recognized as a long opportunity on Value Investors Club twice in the past 11 months.</li><li>The company's valuation is deemed compelling, with a unique position as the only scaled independent ticketing platform.</li><li>Investors are advised to seek professional guidance, as the information provided does not constitute investment advice and past performance is not indicative of future results.</li></ul>This article is sourced from an online content aggregator through publicly available sources and is displayed below for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

Key points (machine generated)Vivid Seats Inc. has been recognized as a long opportunity on Value Investors Club twice in the past 11 months.The company's valuation is deemed compelling, with a unique position as the only scaled independent ticketing platform.Investors are advised to seek professional guidance, as the information provided does not constitute investment advice and past performance is not indicative of future results.This article is sourced from an online content aggregator through publicly available sources and is displayed below for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

Vivid Seats Inc (SEAT) - Monday, Aug 4, 2025

Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

<ul><li>Vivid Seats, a leading online ticketing marketplace that went public via a blank-check vehicle in 2021, is reportedly exploring a sale following significant interest from private equity firms.</li><li>The company has engaged an adviser to evaluate potential suitors, making headlines as it positions itself for a strategic buyout.</li><li>This development comes amidst a "digestion year" in the live entertainment sector, with market conditions reflecting reduced stadium tour activity and increased competition.</li></ul>

Vivid Seats, a leading online ticketing marketplace that went public via a blank-check vehicle in 2021, is reportedly exploring a sale following significant interest from private equity firms.The company has engaged an adviser to evaluate potential suitors, making headlines as it positions itself for a strategic buyout.This development comes amidst a "digestion year" in the live entertainment sector, with market conditions reflecting reduced stadium tour activity and increased competition.

Vivid Seats Explores a Sale Amid Takeover Interest! What Value Can It Extract?

Covering IPOs, Healthcare and Technology Stocks

Andrei Zakharov

Equity Capital Markets

StubHub Holdings / Equity Capital Markets

<ul>
<li>StubHub Holdings is expected to IPO in September. The online ticketing giant did not disclose the proposed size and price range for the share sale.</li>
<li>According to the WSJ and CNBC, StubHub Holdings was eyeing a valuation of about $16.5B, implying the richest valuation among peers in the secondary ticketing market.</li>
<li>While I’m bullish on the market opportunity for StubHub Holdings, ~$16.5B IPO valuation forces me to remain on the sidelines.</li>
</ul>


StubHub Holdings is expected to IPO in September. The online ticketing giant did not disclose the proposed size and price range for the share sale.
According to the WSJ and CNBC, StubHub Holdings was eyeing a valuation of about $16.5B, implying the richest valuation among peers in the secondary ticketing market.
While I’m bullish on the market opportunity for StubHub Holdings, ~$16.5B IPO valuation forces me to remain on the sidelines.


StubHub IPO Valuation Analysis: Premium Multiple Is Justified, But The Growth Is Slowing Down

<ul>
<li>StubHub Holdings, a category-leading marketplace for secondary tickets, seeks to raise up to $1B in US IPO. J.P. Morgan and Goldman Sachs are leading the offering.</li>
<li>The company was backed by Madrone Capital Partners, Bessemer Venture Partners, WestCap Management, and PointState Capital, among others.</li>
<li>I view StubHub Holdings as a great company and a category winner that is addressing a large and growing TAM with room for growth for years.</li>
</ul>


StubHub Holdings, a category-leading marketplace for secondary tickets, seeks to raise up to $1B in US IPO. J.P. Morgan and Goldman Sachs are leading the offering.
The company was backed by Madrone Capital Partners, Bessemer Venture Partners, WestCap Management, and PointState Capital, among others.
I view StubHub Holdings as a great company and a category winner that is addressing a large and growing TAM with room for growth for years.


StubHub IPO Preview: Bread and Games! The Ticketing Decacorn Is Ready To Go Public

<ul><li>SEAT is a leading online secondary ticket marketplace for live events with a strong market share and over 290K unique events sold in 2023</li><li>The company's asset light model allows for high cash flow generation with forecasted growth in Marketplace, Revenue, and Adjusted EBITDA</li><li>Industry fundamentals are promising with strong consumer demand for live events, last-minute ticket purchases, and increasing average order sizes, along with a growing interest in experiential events post-Covid.</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

SEAT is a leading online secondary ticket marketplace for live events with a strong market share and over 290K unique events sold in 2023The company's asset light model allows for high cash flow generation with forecasted growth in Marketplace, Revenue, and Adjusted EBITDAIndustry fundamentals are promising with strong consumer demand for live events, last-minute ticket purchases, and increasing average order sizes, along with a growing interest in experiential events post-Covid.This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

Vivid Seats Inc (SEAT) - Monday, Sep 9, 2024

United States

Vivid Seats Inc. is an full-service ticketing marketplace. The Company offers an online marketplace which enables fans and event seekers to purchase tickets for sports, concerts, theater, and other live events. Vivid Seats serves customers in the United States.

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Vivid Seats (SEAT US)

Vivid Seats Inc (SEAT) - Monday, Aug 4, 2025

Vivid Seats Inc. (SEAT) is viewed as a compelling long investment opportunity due to its unique market position, but potential investors should...

Value Investors Club (VIC)

Vivid Seats Explores a Sale Amid Takeover Interest! What Value Can It Extract?

Vivid Seats, a leading online ticketing marketplace that went public via a blank-check vehicle in 2021, is reportedly exploring a sale following...

Baptista Research

StubHub IPO Valuation Analysis: Premium Multiple Is Justified, But The Growth Is Slowing Down

In my follow-up piece, I discuss key investment risks, valuation comps and competitive landscape in the U.S. ticketing industry

Andrei Zakharov

StubHub IPO Preview: Bread and Games! The Ticketing Decacorn Is Ready To Go Public

StubHub Holdings, a leading secondary ticket marketplace, aims to raise up to $1B in US IPO with backing from top-tier investors. The ticketing...

Andrei Zakharov

Vivid Seats Inc (SEAT) - Monday, Sep 9, 2024

SEAT is a leading online secondary ticket marketplace for live events with a strong market share and over 290K unique events sold in 2023

Value Investors Club (VIC)

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52-week Range

Market Cap (USDm)

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Vivid Seats Inc (SEAT) - Monday, Aug 4, 2025

Vivid Seats Inc. (SEAT) is viewed as a compelling long investment opportunity due to its unique market position, but potential investors should...

Value Investors Club (VIC)

Vivid Seats Explores a Sale Amid Takeover Interest! What Value Can It Extract?

Vivid Seats, a leading online ticketing marketplace that went public via a blank-check vehicle in 2021, is reportedly exploring a sale following...

Baptista Research

StubHub IPO Valuation Analysis: Premium Multiple Is Justified, But The Growth Is Slowing Down

In my follow-up piece, I discuss key investment risks, valuation comps and competitive landscape in the U.S. ticketing industry

Andrei Zakharov

StubHub IPO Preview: Bread and Games! The Ticketing Decacorn Is Ready To Go Public

​StubHub Holdings, a leading secondary ticket marketplace, aims to raise up to $1B in US IPO with backing from top-tier investors. The ticketing...

Andrei Zakharov

Vivid Seats Inc (SEAT) - Monday, Sep 9, 2024

SEAT is a leading online secondary ticket marketplace for live events with a strong market share and over 290K unique events sold in 2023

Value Investors Club (VIC)

StubHub Holdings, a leading secondary ticket marketplace, aims to raise up to $1B in US IPO with backing from top-tier investors. The ticketing...